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Version status: Partially deleted | Document consolidation status: Updated to reflect all known changes
Version date: 30 January 2024 - onwards
  Version 5 of 5    

87D. Procedure for decision to refuse an application for approval

(1) [deleted]

(1A) [deleted]

(2) If the FCA proposes to refuse to approve a prospectus, it must give the applicant written notice.

(3) The notice must state the FCA's reasons for the proposed refusal.

(4) If the FCA decides to refuse to approve a prospectus, it must give the applicant written notice.

(5) The notice must -

(a) give the FCA's reasons for refusing the application; and

(b) inform the applicant of his right to refer the matter to the Tribunal.

(6) If the FCA refuses to approve a prospectus, the applicant may refer the matter to the Tribunal.

(7) In this section "prospectus" includes a supplementary prospectus.

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